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Finmeccanica shares retrace opening losses to trade higher after results

MILAN (Reuters) - Shares in Finmeccanica <SIFI.MI> retraced losses at Thursday's open to move higher in early trade after releasing 2013 results. On Wednesday the state-controlled defense group said it had returned to profit last year after two years in the red. At 0808 Finmeccanica shares were up 1.9 percent. (Reporting by Stephen Jewkes, editing by Isla Binnie)

Finmeccanica in draft deal to sell Ansaldo Energia stake: source

By Massimo Gaia MILAN (Reuters) - Italy's Finmeccanica <SIFI.MI> has reached a preliminary agreement to sell a majority stake in power unit Ansaldo Energia to South Korea's Doosan Heavy Industries <034020.KS>, a source with direct knowledge of the situation told Reuters. The draft deal places an enterprise value of between 1.2 billion euros and 1.4 billion euros ($1.8 billion) on the whole of Ansaldo Energia, which produces gas turbines and employs about 3,000 people in Italy.

India rejects Finmeccanica denial over chopper bribes

India on Wednesday rejected denials by Italy's Finmeccanica that the company paid bribes to clinch a $748-million contract for 12 British-built helicopters. India in mid-February put payments to the company on hold and asked the Italian firm to reply if any terms of the contract and an "integrity pact" it signed in 2010 had been violated in securing the deal.

UPDATE 4-Italy's Finmeccanica delays results over India probe

* Says to meet on results to "no later than April 30" * Finmeccanica met on helicopter deal with Indian delegation * India has threatened to scrap helicopter deal By Paolo Biondi and Danilo Masoni ROME/MILAN, Feb 21 (Reuters) - Italian defence group Finmeccanica has delayed publication of its 2012 results after a bribery probe connected with the sale of 12 helicopters to Indian authorities, it said on Thursday.

Finmeccanica says acted 'correctly' on India chopper deal

Italian aerospace and defence giant Finmeccanica insisted it had acted "correctly" in a deal to sell India 12 helicopters, amid investigations in Italy and India over alleged bribes paid for the contact. "Finmeccanica highlights that it has acted correctly throughout the 40 years it has operated in India, one of the most strategically important markets for the entire group," the company said.

URGENT ¥¥¥ Finmeccanica says acted 'correctly' on India chopper deal

Italian aerospace and defence giant Finmeccanica insisted it had acted "correctly" in a deal to sell India 12 helicopters, amid investigations in Italy and India over alleged bribes paid for the contact. "Finmeccanica highlights that it has acted correctly throughout the 40 years it has operated in India, one of the most strategically important markets for the entire group," the company said. ahe/dt

UPDATE 2-India says seeks to cancel Finmeccanica helicopter deal

* India steps up action against Italian company in bribery case * Ahead of Cameron visit, asks London for answers * Indian police team will travel to Italy to investigate By Manoj Kumar and Frank Jack Daniel NEW DELHI, Feb 15 (Reuters) - India is seeking to cancel a $750 million order for a dozen helicopters from Italian defence group Finmeccanica, the defence ministry said on Friday, responding to growing pressure over kickback allegations.

India says seeking to cancel Finmeccanica chopper deal

By Manoj Kumar and Nigam Prusty NEW DELHI, Feb 15 (Reuters) - India's defence ministry issued a "show cause" notice to Finmeccanica on Friday seeking to cancel a $750 million deal to buy a dozen helicopters and gave the Italian company seven days to reply. "(The Ministry of Defence) today issued a formal show cause notice to AgustaWestland of UK seeking cancellation of contract and taking other action as per the terms of the contract and the integrity pact," ministry spokesman Sitanshu Kar said in a statement.

Finmeccanica seen picking insider to bridge power gap

MILAN, Feb 13 (Reuters) - Italy's Finmeccanica is expected to broaden the powers of its long-standing No. 2 on Wednesday after the arrest of its head left the aerospace and defence group facing serious damage to its reputation and delays to vital asset sales. On Tuesday Italian police arrested Chairman and Chief Executive Giuseppe Orsi on allegations he paid bribes to win a 560 million euro ($754million) Indian contract for 12 helicopters. Orsi denies any wrongdoing.
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